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The Arab Economies, the Uruguay Round Predicament, and the European Union Wildcard

In: Prospects for Middle Eastern and North African Economies

Author

Listed:
  • Ishac Diwan
  • Chang–Po Yang
  • Zhi Wang

Abstract

These are revolutionary times in the global economy. The lives of workers in different parts of the world are increasingly intertwined. The embrace of market–based development strategies by many developing and post–centrally planned economies, the opening of international markets, and great advances in the ease with which goods, capital, and ideas flow around the world are bringing new opportunities to billions of people. Are these favorable developments from the point of view of the economies of the Middle East and North Africa? The stakes are clearly high. During the 1970s and early 1980s labor migration and official aid were sources of growth. Now, other sources of foreign exchange will have to be found to finance import needs. The globalization of trade promises to open new markets, but it also increases competition. East Asia’s export–led boom started in the 1970s when

Suggested Citation

  • Ishac Diwan & Chang–Po Yang & Zhi Wang, 1998. "The Arab Economies, the Uruguay Round Predicament, and the European Union Wildcard," Palgrave Macmillan Books, in: Nemat Shafik (ed.), Prospects for Middle Eastern and North African Economies, chapter 3, pages 47-95, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26137-6_3
    DOI: 10.1007/978-1-349-26137-6_3
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